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Friday, 15 January 2016

EQUITY MARKET TUMBLEDOWN; STOCKS HAD A GREAT FALL IN PAST WEEK

BUY TAKE ABOVE 142 TG
144,147 SL 140

RUSHIL CALL FINAL TGT ACHIEVED

Fear-factor is very high; valuations are nice “bears has tighten the seat belt &
took the nifty below level of 7450.Sensex
and Nifty closed down for the second consecutive session on Friday For
the most part of the day, the Indian market indices traded with a negative
bias. Nifty opened at 7438
touched a high of 7567 and low of 7427 before ending with a loss of 99 at
7427 .But, selling picked up pace in the last hour of trade as
rupee weakened to its lowest level of 67 against the US dollar in over two years. Weak
trading in the European markets also added to the selling pressure in the
Indian stock markets.

Vedanta was the top Nifty loser, the
stock slumped 8.2% to Rs 72. Crude
oil took a fresh plunge today, falling below USD 30 a barrel as the market
braced for more Iranian oil exports, with the lifting of international
sanctions possible within days. crude crashed 5% to USD 29a barrel and Brent slipped 4% to USD 29 a
barrel GAIL India, State Bank of India, Cairn India, Idea
Cellular, ICICI Bank, Tata Motors, Tata Steel, Zee Entertainment, Axis Bank and
Larsen & Toubro were also among the losers, down near 3% each whileBPCL, Tech Mahindra, HCL Technologies,
Reliance Industries and Dr Reddy's Labs were among the gainers. The only thing
that people need to be convinced about is earnings.Till results season ends there could
be weakness continuously. The large-cap stocks could correct purely on a
sentiment basis.